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sheshe2

(83,356 posts)
Fri Oct 16, 2015, 09:23 PM Oct 2015

Elizabeth Warren: Glass-Steagall as Symbol

Wow, I'm not sure how I missed this one. Back in 2012, Andrew Ross Sorkin wrote a column about how Glass-Steagall wouldn't have affected the 2008 financial crisis which led to the Great Recession. As part of that, he had a phone conversation with Elizabeth Warren on the topic. Here is what she said at the time:

In my conversation with Ms. Warren she told me that one of the reasons she’s been pushing reinstating Glass-Steagall — even if it wouldn’t have prevented the financial crisis — is that it is an easy issue for the public to understand and “you can build public attention behind.”

She added that she considers Glass-Steagall more of a symbol of what needs to happen to regulations than the specifics related to the act itself.


And yet, here she is in July 2015 introducing the 21st Century Glass-Steagall Act on the Senate floor using all the scary things that happened during the financial crisis as a backdrop.



We also know that reinstating Glass-Steagall is one of the five things she prioritized for Wall Street reform. One has to wonder if anything else on that list is "more of a symbol."

But perhaps most importantly, during the Democratic debate, both Sanders and O'Malley jumped all over Hillary Clinton for not including the reinstatement of Glass-Steagall as part of her own proposal for Wall Street reform. That's what happens when the patron-saint of "populist anger" toys with the public by using symbols to ratchet up an emotional reaction.

Read More: http://immasmartypants.blogspot.com/2015/10/elizabeth-warren-glass-steagall-as.html
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Elizabeth Warren: Glass-Steagall as Symbol (Original Post) sheshe2 Oct 2015 OP
This was mentioned several times during the "Warren hasn't said she ISN'T running" phase of DU. wyldwolf Oct 2015 #1
Seems as though the blogger already threw Sen Warren under the bus That Guy 888 Oct 2015 #18
The manner in which she answered is.... NCTraveler Oct 2015 #2
Hey you, NCTraveler... sheshe2 Oct 2015 #5
That is a plan I can get behind. NCTraveler Oct 2015 #8
She is one awesome woman. sheshe2 Oct 2015 #10
Ted Kennedy would have been an awesome President, but as things turned out... George II Oct 2015 #12
So if the damn CFMA which Sanders voted for!!! uponit7771 Oct 2015 #3
Care to clarify? sheshe2 Oct 2015 #14
Oh goody. Now it;s time for Elizabeth Warren to be inserted below a mass transit vehicle? Armstead Oct 2015 #4
The Clintons love this chart - fewer banks makes it easier to raise campaign funds from them! reformist2 Oct 2015 #7
Classic Clintonism: Trash the motives of anyone who disagrees with the Clinton's pro-corporate views reformist2 Oct 2015 #6
Good to see the 3rd wayers are done with pretending that Warren and Sanders are very different jfern Oct 2015 #9
immasmartypants? LMAO!!! beam me up scottie Oct 2015 #11
And~ sheshe2 Oct 2015 #13
I doubt anyone took Nancy seriously before that hit piece but now... beam me up scottie Oct 2015 #15
No problem. sheshe2 Oct 2015 #16
I forgive Warren for for being a Republican. sheshe2 Oct 2015 #20
It's called "demagoguery", she.. as we both know. Cha Oct 2015 #17
Thank you Cha. sheshe2 Oct 2015 #19

wyldwolf

(43,865 posts)
1. This was mentioned several times during the "Warren hasn't said she ISN'T running" phase of DU.
Fri Oct 16, 2015, 09:26 PM
Oct 2015

Is she now under the bus along with Paul Krugman?

And how long before a Sandernista tells us why Warren is wrong?

 

That Guy 888

(1,214 posts)
18. Seems as though the blogger already threw Sen Warren under the bus
Fri Oct 16, 2015, 11:56 PM
Oct 2015
Nancy LeTourneauOctober 16, 2015 at 3:42 PM

No one has to fear Warren ever running for Prez. She's a one-trick-pony built on public fears about the financial crisis.


 

NCTraveler

(30,481 posts)
2. The manner in which she answered is....
Fri Oct 16, 2015, 09:29 PM
Oct 2015

Last edited Fri Oct 16, 2015, 10:01 PM - Edit history (1)

One of the big reasons I wish Warren had thrown her hat in.

sheshe2

(83,356 posts)
5. Hey you, NCTraveler...
Fri Oct 16, 2015, 09:46 PM
Oct 2015

She is my Senator. I voted and campaigned for her. Met her and loved her. I never had a chance to appreciate her here, she was used as a tool here.

Honestly, I don't like what she is saying here. She disappoints me.

I never wanted her to run as President, she has so much to do in the Senate. She will shine in Teddies seat. She will be a star in that seat, just like Teddie.

sheshe2

(83,356 posts)
10. She is one awesome woman.
Fri Oct 16, 2015, 10:27 PM
Oct 2015

I was thrilled when she won her Senate seat. Warren, our Consumer Protection hero. The GOP believed they killed her chances when she withdrew her name to head the bureau due to GOP opposition. They wanted her DOA.

Well, Obama convinced her to run for Senate and run she did! Brava Woman!

Hey GOP, watch what you wish for, she will come after their collective asses. Fear her.

I have been disappointed, yet I think she will kick some ass. Sadly she has been used on DU as a tool, yet she is no fool.

George II

(67,782 posts)
12. Ted Kennedy would have been an awesome President, but as things turned out...
Fri Oct 16, 2015, 11:04 PM
Oct 2015

...I think he did more for the country by serving so honorably in the Senate.

Yes, Elizabeth Warren occupies Ted Kennedy's Senate seat, and she's doing it very well.

sheshe2

(83,356 posts)
14. Care to clarify?
Fri Oct 16, 2015, 11:18 PM
Oct 2015
So if the damn CFMA which Sanders voted for!!!


CFMA??????????????????

Google got me this.

http://www.cajunfrenchmusic.org/

http://careercenter.cfma.org/

a few more hits as well....even with out the initials your sentence makes no sense.

Please tell me what you are talking about.

 

Armstead

(47,803 posts)
4. Oh goody. Now it;s time for Elizabeth Warren to be inserted below a mass transit vehicle?
Fri Oct 16, 2015, 09:32 PM
Oct 2015

I support her in doing whatever wakes people up to smell the coffee

http://www.motherjones.com/politics/2010/01/bank-merger-history



jfern

(5,204 posts)
9. Good to see the 3rd wayers are done with pretending that Warren and Sanders are very different
Fri Oct 16, 2015, 10:12 PM
Oct 2015

on the issues.

beam me up scottie

(57,349 posts)
11. immasmartypants? LMAO!!!
Fri Oct 16, 2015, 10:33 PM
Oct 2015
But perhaps most importantly, during the Democratic debate, both Sanders and O'Malley jumped all over Hillary Clinton for not including the reinstatement of Glass-Steagall as part of her own proposal for Wall Street reform. That's what happens when the patron-saint of "populist anger" toys with the public by using symbols to ratchet up an emotional reaction.


"using symbols to ratchet up an emotional reaction"?

Like her race baiting hit piece where she associated Bernie with slavery and racist cops?:

Not Good Enough, Bernie






The basis for much of Elizabeth Warren's appeal has always been that she is both smart and sincere. This is the kind of thing that calls one or both of those things into question.



Nancy throwing Warren under the bus while proving she's the biggest hypocrite in the blogoshere - priceless.


Now I've seen everything.

sheshe2

(83,356 posts)
13. And~
Fri Oct 16, 2015, 11:07 PM
Oct 2015

LMAO~







Ta~







Elizabeth Warren is my senator. No, don't always agree with her. Yet she will be one of the best. She has Teddies seat and she will shine. It won't be me sending her under the bus. It will be BSers when she endorses Hillary.

Sleep tight.















beam me up scottie

(57,349 posts)
15. I doubt anyone took Nancy seriously before that hit piece but now...
Fri Oct 16, 2015, 11:20 PM
Oct 2015




Please, we need more comedy around here, don't stop posting her stuff and pretending she's credible!




sheshe2

(83,356 posts)
20. I forgive Warren for for being a Republican.
Sat Oct 17, 2015, 01:18 AM
Oct 2015

She has evolved and will kick ass.

My Senator and I love her.

Cha

(295,929 posts)
17. It's called "demagoguery", she.. as we both know.
Fri Oct 16, 2015, 11:53 PM
Oct 2015
"But perhaps most importantly, during the Democratic debate, both Sanders and O'Malley jumped all over Hillary Clinton for not including the reinstatement of Glass-Steagall as part of her own proposal for Wall Street reform. That's what happens when the patron-saint of "populist anger" toys with the public by using symbols to ratchet up an emotional reaction.

The basis for much of Elizabeth Warren's appeal has always been that she is both smart and sincere. This is the kind of thing that calls one or both of those things into question."


Guess who else is good at it? Others will try and kill the messenger.. but, facts are facts and all the twisting in the world won't change that. Insults are all they have.

Mahalo for your OP, she

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